Addionics, a chemistry-agnostic battery technology company, has been selected as a 2022 Pioneer by Bloomberg New Energy Finance (BNEF) for its technology’s potential to accelerate global decarbonization and halt climate change. Winners are judged by a panel of cross-industry experts based on technological innovation, the capability to transform and scale, and company growth. Addionics’ award-winning Smart 3D Electrode solution improves all key performance metrics for batteries with any chemistry, increasing energy density and power, enhancing safety, and extending lifetime – all without increasing cost. This innovation unlocks the full potential of next-generation battery chemistries to address rising global battery demand driven by electrification trends and decarbonization mandates. Addionics is one of twelve BNEF Pioneers from this highly competitive group selected from over 270 applications from around the world.
“This prestigious recognition from Bloomberg New Energy Finance for our tireless work to push the boundaries of battery innovation is both humbling and momentous, as the program has a rich history of identifying what go on to become the world’s most successful cleantech companies,” said Moshiel Biton, CEO and co-founder of Addionics. “This award is evidence of Addionics’ ability to deliver higher performing, lower cost batteries at scale, and we look forward to solving some of electrification’s most pressing challenges by building the best battery architecture on the market.”
While most efforts to improve batteries have focused on chemistry and resulted in only incremental improvements over the last three decades, Addionics focuses on physics. The company has innovated a 3D current collector design for electrodes and is compatible with any battery chemistry, existing or emerging. The porous 3D structure allows for active material to be integrated throughout the electrode at higher loads, which leads to improvements in key battery performance metrics. Addionics’s core IP is its patented electrode fabrication manufacturing process, which significantly lowers costs by allowing battery OEMs to use their existing manufacturing infrastructure. This drop-in solution is compatible with existing battery manufacturing facilities and assembly lines. In addition, Addionics’ proprietary artificial intelligence (AI) algorithm accelerates battery development time and can optimize electrode designs to meet any battery application and performance requirements. With these combined advantages, manufacturers can build high performance batteries at a 10 percent lower cost per kWh.
As part of the reasons for choosing Addionics, BNEF stated that Addionics’ technology would accelerate the transition to a carbon-free economy, and that Addionics’ innovation is inspiring because it will enable faster adoption, assimilation, and commercialization in the existing market.
Addionics recently closed a $27 million Series A funding round in January 2022, bringing the company’s total funding to $40 million. The funding will be used to expand the team, accelerate product development, and lay the groundwork for commercialization with the support of Addionics’ partners, which include automakers and Tier 1 suppliers.
About Bloomberg New Energy Finance
Bloomberg New Energy Finance (BNEF) provides unique analysis, tools and data for decision makers driving change in the energy system. It helps clients stay on top of developments across the energy spectrum from its comprehensive web-based platform. BNEF has 200 staff based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C. and Zurich.
Addionics is creating the next step change in batteries for electric vehicles by transforming battery architecture with Smart 3D Electrodes. The company’s scalable, cost-effective manufacturing process combined with its AI-based optimization software significantly improves the economics and performance for batteries with any chemistry – existing or emerging. Addionics’ technology can also be applied to consumer electronics, stationary energy storage, aviation and defense, and medical devices. To learn more, visit www.addionics.com